You are here: Home - Uncategorized -

Marks sparks sales revival thanks to Rose

Written by:

Stuart Rose, boss of Marks and Spencer, has cautiously welcomed a turnaround in the fortunes of the store, but has conceded there is a lot of work in terms of UK investment still to be done before the recovery can be said to be complete.

The firm reported like-for-like sales – which strip out the effects of new stores opening – up 5.6% on the October-December period of a year ago. It also now has 10.5% share of the UK womenswear market, making it the biggest seller of these items in the country.

The share price currently stands at around £7, a big improvement on the £4 he inherited in March 2004.

Rose has used a canny mix of best investment techniques and astute retailing and marketing skills to effect the transformation.

When he started, he was immediately placed under massive pressure from rival Philip Green at BHS to sell the company, but resisted and has gone from strength to strength since. His tactics have proved the best investment for the company.

Advertising campaigns featuring Twiggy, Elizabeth Jagger and Shirley Bassey have been well received, and with the much-praised food adverts generating a lot of trade the business looks set fair for 2007.

Rose said: “We have now delivered growth on growth in all areas of our business, thus completing the first part of our recovery plan.”


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Vodafone plugs into broadband against stiff competition

Mobile phone giant Vodafone has entered the fiercely competitive UK broadband market and aims to become the prime cheap utility...